Guild left the NYSE as Bayview doubled down on scale and servicing
Bayview Asset Management completed its $1.3 billion all‑cash acquisition of Guild Holdings Company, taking the California lender private nearly five years after its New York Stock Exchange debut.
Shares of Guild’s common stock ceased trading and were delisted from the NYSE at closing, with investors receiving $20 per share.
Under the deal, Guild becomes a privately held, independent entity within Bayview MSR Opportunity (U.S.) Master Fund, which also owns Lakeview Loan Servicing, one of the country’s largest third‑party servicers.
“Joining Bayview’s platform strengthens Guild’s commitment to grow our national brand, and it creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation,” Terry Schmidt, chief executive of Guild Mortgage, said.
“The Guild leadership team is excited to bring our expertise in distributed retail origination, retained servicing, and the customer‑for‑life business model to the MSR Fund,” Schmidt said.
“This relationship will further enhance our mission to deliver the promise of homeownership in communities across the country while fueling innovation and long‑term growth.”
Guild’s growth story and Bayview’s credit platform
Founded in 1960, Guild built a nationally recognized retail franchise focused on FHA, VA, USDA and other specialized products, originating $24 billion of mortgages in 2024 and generating about $1 billion in net revenue.
Bayview, meanwhile, is a global investment manager focused on residential, commercial and consumer credit. The company oversaw about $36.1 billion in assets under management as of Sept. 30, 2025, with strategies spanning whole loans, mortgage servicing rights and asset‑backed securities.
Consolidation pressure across the mortgage chain
Analysts previously viewed the Guild deal as part of a broader push for scale.
“We see the M&A trend continuing as we move further into the year and more and more smaller operators choosing to sell,” said Citizens equity research analyst Mikhail Goberman, who added that the transaction could encourage peers to pursue an “acquire and build in order to eventually sell strategy.”
Earlier in 2025, Rocket Companies agreed to buy Mr. Cooper Group in an all‑stock deal valued at $9.4 billion, combining the nation’s largest originator with its largest servicer to oversee more than $2.1 trillion in unpaid principal balance.
Bayview’s move on Guild and other large tie‑ups signals that mid‑sized lenders with strong purchase franchises and servicing platforms might increasingly seek deep‑pocketed partners to weather rate volatility and rising compliance costs, while investors continue to prize servicing scale and recurring fee income across the cycle.
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